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CBO: Longest Period of High Unemployment Since Great Depression
US News and World Report ^ | February 17, 2012 | Alex M. Parker

Posted on 02/17/2012 7:02:52 AM PST by C19fan

After three years with unemployment topping 8 percent, the U.S. has seen the longest period of high unemployment since the Great Depression, the Congressional Budget Office noted in a report issued today.

And, despite some recent good news on the economic front, the CBO is still predicting that unemployment will remain above 8 percent until 2014. The report also notes that, including those who haven't sought work in the past four weeks and those who are working part-time but seeking full-time employment, the unemployment rate would be 15 percent.

(Excerpt) Read more at usnews.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: unemployment
Insert Urkel photo shop. It is a hard slog to recover from a financial crash but Zero has done everything in his power to discourage hiring of workers.
1 posted on 02/17/2012 7:02:55 AM PST by C19fan
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To: C19fan
Can't be true.
The MSM says everything is fixed. . . .
2 posted on 02/17/2012 7:07:13 AM PST by DeaconRed (Cold War Veteran. . . . US Army Security Agency 1964-1968)
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To: C19fan

This morning in CNBC, the CEO of Gallup Polls let the cat out of the transparent bag. Unemployment is actually 9% and is going up. He said there is no reason to hope that it will be below 8% by the election. They base their numbers on interviews with 40,000 people across the U.S., the largest sampling of any polling organization. The Labor Dept. numbers are totally cooked.

He probably will not be invited to reappear on “Squawk Box,” whose main object is to cheerlead for Obama’s re-election.


3 posted on 02/17/2012 7:11:19 AM PST by txrefugee
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To: Voter#537

Republican’s need to really key on the 15% unemployment number. This would kill the opposition.


4 posted on 02/17/2012 7:11:58 AM PST by RC2
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AS LONG AS YOU'RE HANGING AROUND ANYWAY,
COULD YOU HELP OUT WITH THE FREEPATHON?



Click the Pic


Support Free Republic

5 posted on 02/17/2012 7:17:44 AM PST by deoetdoctrinae (Gun-free zones are playgrounds for felons)
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To: C19fan

I feel another Summer of Recovery coming ...


6 posted on 02/17/2012 7:20:55 AM PST by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: C19fan

More government spending should turn the economy around.

But remember, the economy wouldn’t be this bad if it wasn’t for Bush running up the deficit.

Sorry, just trying to think like a liberal.


7 posted on 02/17/2012 7:22:42 AM PST by St_Thomas_Aquinas (Viva Christo Rey!)
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To: txrefugee

http://www.amazon.com/Coming-Jobs-War-Jim-Clifton/dp/1595620559

love the Book Description

The cry for more government ‘freebies’ is disturbing. Those that know how to compete and ‘create value’ know where that leads. ‘Progressives’ simply want to exploit others talents and property. They believe business exist to employ people. And their argument carries the day. Small business has lost confidence in the American public. No one has made the case for the mass exodus of jobs was BECAUSE of the 2008 election of Barack Hussein Obama.
‘You don’t need to be a weatherman to know which way the wind blows!’


8 posted on 02/17/2012 7:23:12 AM PST by griswold3 (Big Government does not tolerate rivals.)
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To: C19fan

Unfortunately, high unemployment is the New Normal. There are too many factors beyond the control of the political classes. Our business (and many others) simply no longer needs high-cost full-time employees to operate profitably, and will not need them for the forseeable future.


9 posted on 02/17/2012 7:23:19 AM PST by Mr. Jeeves (CTRL-GALT-DELETE)
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To: Voter#537

“Can’t be true.
The MSM says everything is fixed. . . .”

No kidding. This economy has been turning around for three years now according to the MSM. We’ve been turning around so much that I am now dizzy and will throw up if there is another menion of turning around.


10 posted on 02/17/2012 7:43:10 AM PST by FerociousRabbit
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


11 posted on 02/17/2012 7:58:55 AM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: C19fan
This story is a duplicate of one posted earlier this morning: http://www.freerepublic.com/focus/f-news/2847775/posts
12 posted on 02/17/2012 9:04:19 AM PST by Arcy
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To: C19fan

But But But Uncle Ho ... er .. I mean Obama said that with his stimulus plan he was gonna fix this three years ago ...


13 posted on 02/18/2012 8:45:59 AM PST by Munz (All tyranny needs to gain a foothold is for people of good conscience to remain silent.)
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